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So far they have accrued 2.65 BTC at an average price well under the current level of around $30,000 for 1 BTC. A Redditor and member of the r/CryptoCurrency community is claiming to be up 25% or $19,500, after taking out three personal loans worth a combined $59,000 to buy Bitcoin (BTC) over the past 18 months. According to the Redditor, whose account is crudely named “Vaginosis-Psychosis,” they now have a total of 2.65 BTC, which is worth $80,400 at current prices, and are betting big on the price of BTC hitting $100,000 by early 2025. In a June 30 post on r/CryptoCurrency, the user gave a run down on how they approached the highly risky method of getting their hands on BTC. Post on r/CryptoCurrency. Source: Reddit. The first two loans were taken out in February and June of 2022, totaling $15,000 and $20,000 apiece. They had a fixed annual percentage rate (APR) of 6% and 4.9% each, with monthly payments totaling $225 and $326. The third loan worth $24,000 was then taken out i...

The ZK-focused community conference zkDay Paris kicks off on July 19 during EthCC after a successful event in Denver. Zero-knowledge (ZK) projects continue to spread worldwide, and a new go-to ZK event is coming to Paris, hosted by Manta Network, a ZK layer-1 blockchain; investment firm Polychain Capital and Cointelegraph. The ZK community conference — zkDay Paris — kicks off during EthCC Paris on July 19, from 11:00 am to 8:00 pm Central European Time, on the back of a successful event at zkDay Denver. ZkDay Paris will include booths, networking, keynotes, venture capital and industry panel discussions with the best and brightest in the crypto industry and the ZK niche. Speakers are invited to apply to join the event on the zkDay website. Additionally, the event will feature an intimate Tech Room, allowing visitors to attend at least 10 ZK workshops. Register to attend zkDay Paris on July 19 for free. The upcoming ZK event also boasts a pitch contest with a five-figure prize pool. E...

A Dogecoin developer who goes by the name “Bluezr” on Twitter is hinting at ongoing work for a Dogecoin Core upgrade. The next Dogecoin system upgrade will target the DOGE core’s minor build system. https://t.co/pmCSHsoLEe https://t.co/cWWklwuYQk — bluezr (@KBluezr) June 29, 2023 Bluezr speaks of work on Dogecoin’s minor build system upgrade in consolidation while sharing a Github repo that indicated ongoing contributions and feedback for Dogecoin core 1.14.7. The last update released was 1.13.6. This update included security updates, changes to the existing fee system, and several new Features . Also Read: How To Add Dogechain to MetaMask What the upcoming Dogecoin core upgrade entails is not available just yet. However, users expect that the upgrade would build on the previous one. It should feature more improvements to increase Dogecoin’s security and functionality. Source: Crypto News Back in March, Halborn, a blockchain security firm, revealed multiple vulnerabilities in Dogecoin ...

Jun 29, 2023 at 07:35 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, Bitcoin (BTC) price has continued to rise as buyers maintain control over the psychological $30,000 price level. Since June 23, the bulls have maintained the current support while retesting the recent high. Bitcoin price long-term forecast: bullish Buyers tested the $31,000 resistance three times but failed to break the current high. BTC price dropped to a low of $29,842 as the bulls climbed back above $30,000. At the time of writing, BTC/USD is trading at $30,...

Shiba Inu is on the cusp of becoming a top cryptocurrency in the entire industry. With the launch of Shibarium set to take Shiba Inu to the next level, another promising update for SHIB has the potential to take a zero off of the meme coin. LUCIE, a notable voice for Shiba Inu, has updated Shiba Inu’s upcoming white paper “World paper .” Source: Unsplash The Shibarium testnet “Puppynet” has reached 25 million transactions according to a recent update. With this high demand for Shibarium’s mainnet to arrive, LUCIE is providing more details on White paper and its importance to the network. According to LUCIE, World paper will be: a deep dive into all the aspects of Shib; the ecosystem of tokens, products, platforms, and services including but not limited to $Shib, $Bone, $Leash, Treat and Shhhhh-i and more as noted above. Moreover, it’ll explain a long-term plan for full and complete decentralization, our new official partners (and a reminder of current ones), and all details you all ...

Join Our Telegram channel to stay up to date on breaking news coverage The Sui Foundation has denied allegations that it unlocked SUI staking rewards and dumped them on cryptocurrency exchange Binance.  In a five-part Twitter thread on June 27, the team behind the Sui network and its native SUI token renounced the claim, stating that they did not sell any of the locked or non-circulating tokens, including SUI staking rewards. “The Sui Foundation has not engaged in the sale of staking rewards or any other tokens from locked and non-circulating staked SUI, whether on Binance or any other platform.” The foundation further emphasized that all insider token allocations are still bound by their lock-up periods and other transfer restrictions, ensuring compliance. The purpose of this communication is to share information regarding the tokenomics of the Sui Network including the SUI token supply and certain distributions of SUI tokens. Here’s what you need to...

The rise of blockchain technology has transformed the way we approach transparency, security, and decentralization in digital interactions.  Yet, in this dynamic landscape, as the technology evolves, certain challenges have emerged, particularly in the context of the Ethereum (ETH) blockchain – scalability, interoperability, and transaction speed.  Addressing these crucial issues are Ethereum Virtual Machine (EVM)-compatible chains, carving out new pathways to a future where blockchain becomes a cornerstone of our digital lives. These chains represent the next level of blockchain technology, unlocking new horizons of scalability, interoperability, and transactional efficiency. They are the stepping stones to broader adoption and a fuller realization of the technology. We delved into the discussion with Alex Shevchenko, co-founder and CEO of Aurora Labs, the team behind an EVM-compatible chain Aurora built on the NEAR Protocol, to explore the vast implications of these chains. ...

Celsius Recovery Distribution Plan Celsius Network has devised a comprehensive re cover y distribution plan that aims to provide maximum returns to its creditors. Under this plan, the majority of creditors will receive distributions in the form of three primary assets: liquid cryptocurrencies (BTC and ETH), NewCo Common Stock, and Litigation Proceeds. advertisement Claims will be listed in U.S. Dollars (based on Cryptocurrency prices on the Petition Date) on your Ballot and not in the types or amount of Cryptocurrency associated with your Claims. Earn Creditors will get 36.4% of their liquid cryptocurrencies based on the USD value on petition date (July 13, 2022) . -Celsians Network, June 27, 2023 Earn Creditors, a particular group within the creditor base, will receive a re cover y based on the value of their liquid cryptocurrencies on the petition date, July 13, 2022. Since it set at at 36.4% of the USD value, the subsequent increase in Bitcoin and Ethereum ...

However, for the Ether (ETH) price to rally forward, it must first break through a supply wall just above $2,000. Citing data from IntoTheBlock, popular crypto analyst Ali Martinez reported: advertisement “The most significant supply wall ahead of #Ethereum is in the range of $2,000 and $2,060, where 832,640 addresses bought over 26 million $ETH . If #ETH can break through this resistance barrier, we can expect an upswing to $2,330 or even $2,750″. Courtesy: IntoTheBlock Ethereum Non-Exchange Addresses Accumulate As we can see the Ethereum (ETH) price volatility has been strong around $1,900 levels with the bulls and bears engaged in an intensified battle. On the other hand, ETH supply on the exchanges has been dropping while non-exchange addresses continue to accumulate hard. On-chain data provider Santiment reports: Ethereum is volatile today as #bulls and #bears battle around $1,900. The largest non-exchange addresses, in the meantime, contin...

Sygnum AG noticed significant interest in crypto transactions from financial institutions. Bloomberg says Sygnum’s new brokerage business in Singapore might benefit from increased demand. Sygnum CEO to offer crypto custody & broker-dealer services in Singapore. Sygnum, which operates a digital-asset bank in Switzerland and provides asset management services in Singapore is witnessing significant interest in cryptocurrency transactions from various financial entities such as fund houses, family offices, and institutions. Bloomberg news: Sygnum Sees Strong Crypto Demand Boosting New Singapore Brokerage ️ Swiss bank saw client assets rise to record at end of May ️ Firm got preliminary nod from MAS for digital payment license New article by Bloomberg’s @Suvajourno on Sygnum Singapore who… pic.twitter.com/RLCCo9Za5m — Sygnum Bank (@sygnumofficial) June 26, 2023 According to Bloomberg, this surge in demand is anticipated to enhance the revenue...

Blockchain Australia, the country’s peak crypto industry body has announced a new CEO who wants to speed up the crypto regulatory process. Blockchain Australia’s new CEO Simon Callaghan hopes the Federal Government will take its cues on crypto regulation from the United Kingdom, Hong Kong, and Singapore — and definitely not the United States. In his new position, Callaghan aims to steer crypto rule-making in the country and avoid making similar moves to the U.S. Securities and Exchange Commission — which is suing the world’s two largest exchanges and has branded at least 68 tokens as securities. “Regulation by enforcement is the equivalent of having a hammer and seeing everything as a nail. I don’t think that’s the right approach for Australia to be taking.” Callaghan gave a speech at Blockchain Week, announcing his tenure as Blockchain Australia's CEO. On June 26, Callaghan was announced as the industry peak body’s new CEO. He was most recently the digital assets program lead...

After unveiling Polygon 2.0 last week, Polygon Labs introduced a proposal to upgrade its proof-of-stake chain to a zkEVM validium , which it says would improve security and performance.  With Polygon 2.0, its developers signaled their intention to capture the “value layer” of the internet. This proposal, they say, is an “important step” toward that goal. With this proposed upgrade, the proof-of-stake, or PoS, chain now has a clear roadmap toward integrating zero-knowledge proofs into its infrastructure, a technology many believe is the future of smart contract blockchains. However, it’s important to note that this will be separate from Polygon’s zkEVM that it introduced in late March. The proposal aims to tackle several problems faced by Polygon PoS, one of which is incredibly fast block times, which sounds like a positive. However, the speed ends up decreasing the efficiency of its gas estimation model, which sometimes causes gas price spikes, resulting in processing delays for ...